Re:America's Growth Ponzi Scheme
by mrep on Monday May 18, 2020 @11:12AM
(#23223321)
The company buying back their stock had to buy it from someone though and that person who sold it is going to pay a tax on any gains from that sale.
[ Parent
| on HN ]
I bought way too high, so when I sell my AcmeCo stock back to AcmeCo, I’ll get a tax refund!
If you want to tax profits, then tax profits. If you want to have cheesy loophole tax avoidance, stock buy-backs might be more your style.